Online game developer Changyou.com Ltd. will be taken private by Chinese internet media company Sohu.com Ltd. in a deal that values the gaming group at $579 million, with the help of Skadden and Goulston & Storrs.
A telecom suing the government over preferential treatment Dish Network allegedly received in a spectrum auction wants to weigh in on the separate legal challenge to Sprint and T-Mobile's megamerger, telling a D.C. federal judge that the outcome of the auction case will have bearing on the merger litigation.
Takeaway.com said Friday that unexpected scrutiny from the U.K.'s competition enforcer will delay its planned £6.2 billion ($8.1 billion) takeover of food delivery service Just Eat by a week.
In this week's Taxation With Representation, a private equity group snaps up financial adviser Duff & Phelps for $4.2 billion, Denmark's Danfoss buys a $3.3 billion hydraulics business, and Deutsche Börse Group makes a $400 million acquisition in fund distribution.
The Federal Trade Commission said stopping its in-house merger challenge to the combination of two body camera companies would be bad for buyers of that technology, pushing back on the companies' efforts to pause the agency's review while a related legal challenge plays out.
Molson Coors Beverage Co. urged a Colorado federal court on Thursday to let it out of a suit accusing the beer company of underreporting its taxes, arguing the investors failed to show that it intentionally or recklessly misrepresented its financial situation.
The past week in London has seen two luxury car lenders drive a contract dispute into court, the liquidators of a Saudi billionaire's offshore holding company set its sights on a hedge fund, and a financial services company target the families behind a maritime engineering business.
Cincinnati Bell said Friday it has received a competing takeover offer prior to its planned $2.6 billion sale to Brookfield Infrastructure Partners.
With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Shearman & Sterling and Wachtell. Here, Law360 recaps the ones you might have missed.
Payments and technology company Wex has agreed to buy privately held peers eNett and Optal for a total of roughly $1.7 billion, the companies said Friday, in an agreement shaped by Clifford Chance, WilmerHale, Wachtell Lipton and Herbert Smith.
Sheppard Mullin Richter & Hampton LLP has landed a renewable energy deals expert from Crowell & Moring LLP, bringing on a partner who has spent decades bringing some of the country's largest wind and solar energy projects to fruition.
Anheuser-Busch and a craft beer company it plans to acquire have refiled merger paperwork with the Federal Trade Commission, a procedural move that extends the government’s merger review period and signals that the companies may want the extra time to convince antitrust enforcers there's no need for a longer, in-depth merger review.
Baker McKenzie has expanded its presence in Silicon Valley with the addition of a former Skadden attorney experienced in navigating employee benefits and compensation issues that arise during corporate transactions.
Goldman Sachs' chief executive revealed Thursday the investment bank will no longer take a company public in the U.S. or Europe if its board is composed entirely of white men, noting that board diversity is tied to better returns.
German auto parts maker ZF was cleared on both sides of the Atlantic on Thursday to buy American rival Wabco, with unconditional clearance from European antitrust authorities and a conditional approval from the U.S. Department of Justice predicated on the divestiture of Wabco's steering parts business in North America.
Suitors are lining up to bid on Spanish-language media company Univision, which has a market value of $12.4 billion, Eurazeo is readying a sale of its €2 billion payments business, and multiple Tegna investors want the U.S. broadcasting company to pursue a merger or sale. Here, Law360 breaks down these and other deals rumors from the past week that you need to be aware of.
Bumble Bee Foods LLC won a Delaware bankruptcy judge's conditional go-ahead to sell its business to Taiwan-based global tuna trader FCF Co. Ltd. on Thursday, in a $925.6 million deal driven largely by rising burdens from antitrust sanctions and consumer lawsuits.
An investor in biotechnology venture Synthorx Inc. sued for access to company board records in Delaware’s Chancery Court late Wednesday, citing a need to investigate an alleged missed sale opportunity and insider behavior in connection with the company’s proposed $2.5 billion sale to Sanofi S.A.
Elanco Animal Health said Thursday it raised roughly $1.3 billion through a pair of public offerings to help fund its planned $7.6 billion acquisition of Bayer's animal health business, with the offerings steered by Paul Weiss, Barnes & Thornburg and Ropes & Gray.
Moody’s Corp. said Thursday it plans to buy Regulatory DataCorp., which provides risk and compliance intelligence, data and software, from Vista Equity Partners for $700 million, in a deal led by Paul Hastings and Kirkland.
Xerox said Thursday it plans to nominate a slate of 11 independent directors to HP’s board, as the print and digital products company looks to advance its spurned $33 billion cash-and-stock buyout offer for HP.
A corporate offspring of bankrupt and sold-off Energy Future Holdings Corp. secured a right to buy an additional stake of a company holding 20% of Texas' largest electric utility Wednesday, after the Chancery Court waded through an "eye-watering" tangle of corporate contracts.
The Federal Trade Commission is seeking the public's input on Par Petroleum Corp.'s plan to change up its agreement for storing petroleum at a Hawaii terminal, for which it needs the agency's permission following a 2015 antitrust settlement.
EQT Corp. asked a Pennsylvania federal judge on Tuesday to toss a proposed class action over its merger with Rice Energy, saying the investors behind the suit are trying to "convert their disappointment" with the company's post-merger performance into securities fraud.
WeWork said Wednesday it sold off its meeting space software business Teem and its stake in women-focused networking group The Wing as the coworking giant looks to trim down its business following last year's high-profile stumbles.
Groundbreaking rules from the American Bar Association impose new standards on how law firms can govern departing lawyers’ contact with clients, placing major restrictions on this ubiquitous practice, say Amy Richardson and Hilary Gerzhoy at Harris Wiltshire.
New draft guidelines from the U.S. Department of Justice and Federal Trade Commission clarify how the agencies will approach vertical merger inquiries and signal that parties will be held accountable for proving pro-competitive benefits, say former FTC acting commissioner Maureen Ohlhausen and Christine Ryu-Naya of Baker Botts.
The increasing use of a private M&A transaction structure that allows sellers to exit without indemnity obligations makes it crucial for buyers to focus on representation and warranties insurance policy terms as their only means of recourse, say Ann Dorsett and Gregory Hawver at McGuireWoods.
Lawyers can draw a number of useful lessons about reputation management from the efforts of former Nissan executive Carlos Ghosn — who recently escaped house arrest in Tokyo — to restore his sullied reputation, says Elizabeth Ortega at ECO Strategic Communications.
In light of a recent Delaware Supreme Court case in which a litigator was rebuked for failing to control his evasive witness during a deposition, attorneys should consider when they may be held responsible for client misconduct and what to do if a client crosses the line, says Philip Sechler of Robbins Russell.
Several federal courts have recently accepted the difference-in-differences methodology to estimate antitrust impact and damages via natural experiments, demonstrating the method's validity, says James Nieberding of North Coast Economics.
Antitrust agencies and private litigants continued to focus on the energy industry in 2019, and new antitrust policy initiatives announced by the U.S. Department of Justice last year will offer energy companies opportunities to avoid prosecution in certain cases, say attorneys at Vinson & Elkins.
The New York State Public Service Commission's new regulations for energy service companies — imposing enhanced eligibility criteria, price caps, and limitations on products and services — raise concerns about how the commission might impose similar restrictions in the broader distributed energy resource markets, say Thomas Puchner and Kevin Blake of Phillips Lytle.
During the last 10 years, the need to embrace change was fundamental for law firms, and that change affected associates in many ways — most, but not all, for the better, says Brad Kaufman, co-president of Greenberg Traurig.
In upholding the dismissal of fraudulent conveyance claims against former shareholders of the bankrupt Tribune Company, the Second Circuit may have laid out a path for parties looking to stay within a crucial Bankruptcy Code safe harbor provision, say attorneys at Cadwalader.
The U.S. Department of the Treasury’s final rules implementing the Foreign Investment Risk Review Modernization Act complete the revamp of the Committee on Foreign Investment in the United States, which will be more complex and better resourced to address evolving national security risks that arise in the context of foreign investments, say attorneys at Akin Gump.
Amid forecasts of economic volatility, employers should address executive compensation and performance awards progressively and with quick adjustments when disruption hits, say Mark Poerio and Dan Brandenburg at The Wagner Law Group.
In their new book "Democracy and Equality: The Enduring Constitutional Vision of the Warren Court," Geoffrey Stone and David Strauss provide valuable context for U.S. Supreme Court decisions under Chief Justice Earl Warren that have profoundly affected the country, but their overly protective attitude sometimes obscures reality, says Federal Circuit Judge Timothy Dyk.
A newly proposed rule from the U.S. Securities and Exchange Commission on public companies' relationships with their auditors could make the current auditor independence framework easier to comply with, and mitigate competition pressure from issues that should not reasonably threaten an auditor’s objectivity, say Charles Smith and Andrew Fuchs at Skadden.
China's State Administration for Market Regulation recently published for public comment a draft for the revised Anti-Monopoly Law, which, if adopted, brings with it procedural and substantive changes that will likely have a significant impact on companies operating or investing in China, say Wei Huang and Fan Zhu of Tian Yuan.